Conventional Loan with MI
A Great Loan with Less Down
Mortgage insurance can be purchased in one lump sum at closing, it can be spread out over several years or it can be avoided by obtaining a second loan. All of these options provide a path for homeowners to purchase a home with less than 20% down.
- Buy out mortgage insurance with "Single Premium MI"
- Pay for your MI each month until your loan value gets below 80%
- Second loans work to remove MI all together